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- Thread Starter scottland
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army judge
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Okay, read a bit about judgments in IN:
http://research.lawyers.com/indiana/in-collecting-the-judgment.html
A person trying to collect a judgment may extend the time in which to collect a debt from a debtor by obtaining a judgment.
Once a judgment has issued, he or she tries to get money or stuff to satisfy the judgment.
The statute of limitations in Indiana for collecting on a judgment is 10 years unless renewed by the person holding the judgment.
That means once a judgment against a debtor is issued, the judgment holder can collect on it for 10 years.
The holder of the judgment can go back to the court after the ten year mark has passed and request to renew the judgment.
That's called RENEWING the judgment.
Once that has been accomplished it opens for an additional 10 years.
If uncollected after 20 years, in my example, this can continue every 10 years, the holder gives up in frustration, or collects in FULL on the judgment.
A judgment on an eviction is more than money. To the party evicted, he or she will likely never be able torrent a decent apartment for decades, plus the pesky judgment is always hounding their finances.
http://research.lawyers.com/indiana/in-collecting-the-judgment.html
A person trying to collect a judgment may extend the time in which to collect a debt from a debtor by obtaining a judgment.
Once a judgment has issued, he or she tries to get money or stuff to satisfy the judgment.
The statute of limitations in Indiana for collecting on a judgment is 10 years unless renewed by the person holding the judgment.
That means once a judgment against a debtor is issued, the judgment holder can collect on it for 10 years.
The holder of the judgment can go back to the court after the ten year mark has passed and request to renew the judgment.
That's called RENEWING the judgment.
Once that has been accomplished it opens for an additional 10 years.
If uncollected after 20 years, in my example, this can continue every 10 years, the holder gives up in frustration, or collects in FULL on the judgment.
A judgment on an eviction is more than money. To the party evicted, he or she will likely never be able torrent a decent apartment for decades, plus the pesky judgment is always hounding their finances.
Last edited:
Betty3
Well-Known Member
Some judgments can also accrue interest as the years go by.
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